Ascent Wealth Partners LLC Makes New Investment in IREN Limited $IREN

Ascent Wealth Partners LLC bought a new stake in shares of IREN Limited (NASDAQ:IREN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,247 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Miller Wealth Advisors LLC grew its stake in shares of IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. North Star Investment Management Corp. purchased a new position in shares of IREN in the fourth quarter worth approximately $26,000. Clearstead Trust LLC purchased a new position in shares of IREN in the fourth quarter worth approximately $27,000. Aventura Private Wealth LLC bought a new stake in IREN during the fourth quarter valued at approximately $28,000. Finally, Motco bought a new stake in IREN during the fourth quarter valued at approximately $30,000. 41.08% of the stock is owned by institutional investors.

IREN Stock Performance

Shares of NASDAQ IREN opened at $33.62 on Monday. The firm has a fifty day moving average price of $52.24 and a 200-day moving average price of $47.62. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market cap of $12.02 billion, a PE ratio of 70.04 and a beta of 4.27. IREN Limited has a 1 year low of $14.72 and a 1 year high of $76.87.

IREN (NASDAQ:IREN) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). IREN had a negative return on equity of 13.13% and a net margin of 20.90%.The business had revenue of $144.79 million during the quarter, compared to the consensus estimate of $219.69 million. Equities analysts anticipate that IREN Limited will post -1.25 earnings per share for the current fiscal year.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Despite the recent decline, one analyst-focused note says Wall Street forecasts still imply about 123% upside for IREN, suggesting some investors continue to see meaningful long-term value in the stock. IREN Stock: Why Analysts’ Forecast Points to 123% Upside despite Selloff
• Neutral Sentiment: Commentary from an investor letter and related coverage points to skepticism around IREN’s rapid business transitions, which appears to be weighing on sentiment but does not indicate a major new operational setback. Investors’ Skepticism Over Rapid Transitions Weighed on IREN Limited (IREN) in Q2
• Negative Sentiment: IREN has been caught in a broader selloff across neocloud and AI data-center stocks, with investors increasingly worried that AI spending expectations may be too aggressive, pressuring the shares lower. Here’s why IREN, CoreWeave, and Nebius stocks are in free fall
• Negative Sentiment: Another report highlighted that IREN has dropped to its lowest level since early April and is more than 50% below its yearly high, reinforcing the market’s negative momentum and weak near-term sentiment. CRWV, NBIS, IREN: Why Are Neocloud Stocks Falling Today, 7/16/26?

Analyst Ratings Changes

IREN has been the subject of a number of research reports. Canaccord Genuity Group upped their target price on shares of IREN from $70.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings cut shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 7th. B. Riley Financial boosted their price objective on shares of IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. BTIG Research upped their price objective on IREN to $80.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group initiated coverage on IREN in a report on Thursday, June 18th. They issued a “buy” rating and a $79.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, IREN presently has an average rating of “Moderate Buy” and a consensus target price of $82.36.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.